#ETH
《Market Early Report — Current Trend Analysis》
The entire market has been overshadowed by a downward trend these past few days, with concerns about unliquidated positions continuing to pull back. Those looking to add positions are afraid of buying in at mid-levels. Bitcoin and Ethereum have been oscillating at high levels for a whole week. I hope you can stay calm before a new trend emerges and buy cheaper chips.
The position around 94500 for Bitcoin has become a resistance, suppressing the recovery. The support level has dropped to around 91800, showing a trend of oscillating downward, with no signs of a turnaround yet. Before a strong rebound, there is a high probability that there will be another wave of accelerated volume decline. The saying 'no break, no stand' applies here.
Ethereum is once again facing a test at the 1800 mark. Similar to Bitcoin, the area around 1810 has become a resistance, suppressing its rebound. The support below is around 1740, showing a trend of oscillating correction. The 1740 support is particularly crucial, determining whether the overall altcoin market can continue to be bullish. Currently, it is still in a corrective trend.
This Thursday at 2 AM, the Federal Reserve will announce the latest interest rates. Trump has repeatedly called for rate cuts, while more voices are in favor of maintaining the current rates. This data will directly impact short-term market trends and may also be a turning point, so everyone should be mentally prepared.
